Meta Platforms Readies Staff for Layoff Announcement Monday
The company is due to cut 5% of its employees, or about 3,600 people, on February 10.
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Trump Pauses Ban on Duty-Free Shipments from China
It's the latest in a series of abrupt moves that have upended the e-commerce industry.
Trump Calls for End of Carried Interest Tax Break
The VC industry’s main trade group warned high taxes would disproportionately hurt small fund managers.
Salesforce Appoints New CTO, Shakes Up Other Executive Roles
As Salesforce heads into its new fiscal year and focuses on building and selling AI agents, CEO Marc Benioff is shuffling his executive ranks.
Elf Beauty Shares Fall More Than 20% On Lower Sales Outlook
The company’s CEO said uncertainty around TikTok’s future hurt January sales.
Crypto Exchange Gemini Weighs IPO
The company is in talks with potential advisors, Bloomberg reported.
OpenAI Co-Founder John Schulman Joins Mira Murati’s Startup
Murati’s nascent startup, known as Thinking Machines Lab, has poached several prominent researchers from OpenAI.
Amazon Reports 10% Sales Growth
Amazon shares were roughly flat in after hours trading on Thursday.
AI Researcher John Schulman Leaves Anthropic
Schulman left OpenAI in August to join Anthropic.
Salesforce Taps Board Member Robin Washington as New COO, CFO
Washington, who has served on Salesforce's board of directors since 2013, is taking over for COO Brian Millham and CFO Amy Weaver, who are both departing.
Google Ends Diversity Hiring Targets
The changes are Google’s second move in two days seemingly designed to appeal to the Trump Administration, which has taken aim at DEI requirements.
Musk’s Twitter Lenders Sell $5.5 billion Worth of Debt
The debt sale comes more than two years after Musk borrowed $13 billion to help fund his $44 billion buyout of Twitter.
Uber Warns Strong Dollar Weighs on Demand
The company also wants to buy charging stations for a growing fleet of autonomous vehicles.
Hugging Face Lays Off 4% of Staff
The company's last fundraise in August 2023 valued it at $4.5 billion.
Workday Lays Off 8.5% of Staff
In a statement, CEO Carl Eschenbach said the company would continue hiring in high-priority areas like AI product development.
MicroStrategy Renames to “Strategy”
The software company says the rebrand reflects its embrace of bitcoin.
Disney Posts Another Quarterly Streaming Profit
Disney's streaming profits offset ongoing declines in its traditional entertainment TV business. Disney+, meanwhile, lost about 700,000 global subscribers.
China Considers Antitrust Probe Into Apple’s App Store
The Chinese government has been examining Apple’s practices since last year and could use a potential probe to increase pressure on the U.S.
Google Ends Its Promise Not to Use AI for Weapons, Surveillance
Google’s sale of cloud computing to Israel’s military has been the source of employee protests over the past year.
U.S. Postal Service Suspends Inbound Parcels from China, Hong Kong
USPS’s move came after President Trump revoked the‘“de minimis” allowance on imports from China.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy